TriCo Bancshares reported net income of $27.5 million, or $0.84 per diluted share, for the second quarter of 2025. This represents an increase from $26.4 million, or $0.80 per diluted share, in the trailing first quarter of 2025. Net interest income for the quarter was $86.519 million, a 4.8% increase sequentially.
The fully tax-equivalent net interest margin improved to 3.88% in Q2 2025, up from 3.73% in Q1 2025, with the net interest rate spread increasing by 19 basis points. The cost of total interest-bearing deposits decreased by 17 basis points year-over-year. The provision for credit losses increased to $4.665 million, up 25.1% sequentially.
Total loans outstanding increased by $138.2 million, or 8.1% annualized, reaching $7.0 billion as of June 30, 2025. Total deposits grew by $170.5 million, or 8.3% annualized, to $8.375 billion. Other borrowings decreased by $73.9 million following the repayment of all short-term FHLB advances. Book value per share increased to $38.92, and tangible book value per share rose to $29.40.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.